Fed Economist: 2020 Economic Growth Predicted to Slow but Remain Positive
October 10, 2019|By KATHRYN BOYD-BATSTONE / RIVARD REPORT
A Federal Reserve Bank of Dallas economist on Wednesday put the probability of a recession at 95 percent, but predicted that any economic downturn won’t occur until late 2020 or 2021.
Keith Phillips, the assistant vice president of the Federal Reserve Bank’s San Antonio branch, presented his 2020 economic forecast to a packed house of San Antonio business professionals at a luncheon, saying that the national economy is slowing but remains above trend.